AAA Kinetic moves to series A stage

Kinetic moves to series A stage

US-based industrial safety monitor producer Kinetic received $11.3m of series A funding on Tuesday from investors including subsidiaries of logistics real estate operator Prologis and insurance and financial services firm Nationwide.

Prologis Ventures and Nationwide Ventures joined Crosslink Capital, which led the round, as well as fellow venture capital firms Primary Ventures and Ubiquity Ventures.

Kinetic has developed a wearable device called Reflex that monitors the posture of industrial workers lifting objects to help limit injuries. The series A funding will support development of a new iteration of Reflex and the recruitment of extra engineering, sales and marketing staff.

The company closed a $4.5m seed round in late 2018 backed by Crosslink and Primary Venture Partners, having joined R/GA Accelerator, a partnership between advertising agency R/GA and startup innovation platform Techstars, in 2015.

William O’Donnell, managing partner of Prologis Ventures, said: “Kinetic has tapped into one of the biggest focus areas for the logistics industry today: creating a safe and productive environment for the industrial workforce. We are thrilled to invest in Kinetic as the company enters its next phase of growth.”

Leave a comment

Your email address will not be published. Required fields are marked *